List of futures trading prices of some metals on the Shanghai Exchange (Unit: yuan/ton). Summary: Thao Vy

Shanghai, China’s largest city, reopened on June 1 after two months of widespread lockdown due to the COVID-19 pandemic, according to S&P Global Platts.

Most construction sites have reopened and steel warehouses have also reopened to receive goods. However, some sources said, the city’s rebar demand may take some time to fully recover.

Nearly all steel warehouses closed during the blockade have reopened, allowing merchants and end consumers to pick up products or ship goods to the warehouse.

At the same time, people in Shanghai can now leave their homes, return to work and use public transport across the city.

“In the past two months, some construction sites in Shanghai have chosen closed management techniques,” said a rebar trader.

Despite the market’s positive signal on steel demand, some market participants are concerned about the time it will take to return to pre-lockdown levels, as well as address related financial concerns. to several projects.

“Currently, there are some challenges involved in obtaining payments from construction projects,” said a rebar trader in Shanghai. Some projects are still operating but facing problems with advance capital.”

In the vibrant Shanghai market on the morning of June 1, the price of rebar was traded at 4,750 yuan/ton (equivalent to 713 USD/ton), an increase of 40 yuan/ton compared to that recorded in May 31st.

Construction steel price today in the domestic market

Steel price list in the North today:

Steel price list in the South today:

Ảnh: Steelonline

Steel price list in the Central region today: